Common use of Nonassignability Clause in Contracts

Nonassignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder, except as provided in Section 11 above. Without limiting the foregoing, Executive’s right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive’s will or by the laws of descent and distribution and in the event of any attempted assignment or transfer contrary to this Section 18 the Company shall have no liability to pay any amounts so attempted to be assigned or transferred.

Appears in 15 contracts

Samples: Management Continuity Agreement (Enpro Industries, Inc), Management Continuity Agreement (Enpro Industries, Inc), Management Continuity Agreement (Enpro Industries, Inc)

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Nonassignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder, except as provided in Section 11 above. Without limiting the foregoing, Executive’s 's right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive’s 's will or by the laws of descent and distribution and in the event of any attempted assignment or transfer contrary to this Section 18 the Company shall have no liability to pay any amounts so attempted to be assigned or transferred.

Appears in 15 contracts

Samples: Management Continuity Agreement (Enpro Industries, Inc), Management Continuity Agreement (Enpro Industries, Inc), Management Continuity Agreement (Enpro Industries, Inc)

Nonassignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder, except as provided in Section 11 above. Without limiting the foregoing, Executive’s your right to receive payments hereunder hereunder, shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive’s will or by the laws of descent and distribution and in the event of any attempted assignment or transfer contrary to this Section 18 the Company shall have no liability to pay any amounts so attempted to be assigned or transferred.

Appears in 5 contracts

Samples: Control Agreement (Advanced Micro Devices Inc), Management Continuity Agreement, Management Continuity Agreement (Advanced Micro Devices Inc)

Nonassignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder, except as provided in Section 11 above11. Without limiting the foregoing, the Executive’s 's right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive’s his or her will or by the laws of descent and distribution and or distribution, and, in the event of any attempted assignment or transfer by the Executive contrary to this Section 18 12, the Company shall have no liability to pay any amounts amount so attempted to be assigned or transferred.

Appears in 5 contracts

Samples: Executive Agreement (Corporate Realty Consultants Inc), Executive Agreement (Corporate Realty Consultants Inc), Executive Agreement (Corporate Realty Consultants Inc)

Nonassignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations obligations, hereunder, except as provided in Section 11 Sections 8.1 and 8.2 above. Without limiting the foregoing, Executivethe Employee’s right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive’s his will or by the laws of descent and distribution and in the event of any attempted assignment or transfer contrary to this Section 18 the Company shall have no liability to pay any amounts so attempted to be assigned or transferred.

Appears in 5 contracts

Samples: Form Severance Agreement (TimkenSteel Corp), Form Severance Agreement (TimkenSteel Corp), Severance Agreement (Timken Co)

Nonassignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder, except as provided in Section 11 above13. Without limiting the foregoing, the Executive’s right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive’s his or her will or by the laws of descent and or distribution and and, in the event of any attempted assignment or transfer by the Executive contrary to this Section 18 14, the Company shall have no liability to pay any amounts amount so attempted to be assigned or transferred.

Appears in 4 contracts

Samples: Executive Agreement (Rouse Company), Executive Agreement (Rouse Company), Executive Agreement (Rouse Company)

Nonassignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder, except as provided in Section 11 above. Without limiting the foregoing, Executive’s right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive’s will or by the laws of descent and distribution and in the event of any attempted assignment or transfer contrary to this Section 18 the Company shall have no liability to pay any amounts so attempted to be assigned or transferred.

Appears in 2 contracts

Samples: Management Continuity Agreement (Goodrich Corp), Management Continuity Agreement (Goodrich Corp)

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Nonassignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder, except as provided in Section 11 above. Without limiting the foregoing, Executive’s 's right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive’s 's will or by the laws of descent and distribution and in the event of any attempted assignment or transfer contrary to this Section 18 the Company shall have no liability to pay any amounts so attempted to be assigned or transferred.

Appears in 2 contracts

Samples: Management Continuity Agreement (Goodrich B F Co), Management Continuity Agreement (Goodrich Corp)

Nonassignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder, except as provided in Section 11 above11. Without limiting the foregoing, the Executive’s 's right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive’s his will or by the laws of descent and or distribution and and, in the event of any attempted assignment or transfer by the Executive contrary to this Section 18 12, the Company shall have no liability to pay any amounts amount so attempted to be assigned or transferred.

Appears in 1 contract

Samples: Letter Agreement (Rouse Company)

Nonassignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder, except as provided in Section 11 above. Without limiting the foregoing, Executive’s right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Executive’s will or by the laws of descent and distribution and in the event of any attempted assignment or transfer contrary to this Section 18 the Company shall have no liability to pay any amounts so attempted to be assigned or transferred. 19.

Appears in 1 contract

Samples: Management Continuity Agreement

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